SOCAR`s Marketing & Economic Operations Department has exported 224, 263 ton crude from Russian port of Novorossiysk in March. A barrel of Brent crude oil sold for $ 46.55, the Ural oil made $ 44.6, while BTC FOB Ceyhan oil ...

Azerbaijani Minister of Industry and Energy Natig Aliyev said the West gets to start up the processes concerning implementation of Nabucco project after speculations about selling of Azerbaijani gas to Russia from 2010. “The two countries have not signed any document ...

SOCAR-TURCAS, the Azerbaijani-Turkish energy consortium, will invest $52 million in Turkish petrochemical company Petkim this year, said SOCAR`s President Rovnag Abdullayev ...

The State Oil Company of Azerbaijan Republic exported 224,263 tons of crude from the Novorossiysk seaport in March 2009. The price of Brent crude was $45.55 per barrel, Urals $45.65, BTC FOB Ceyhan crude ...

Azerbaijani delegation to partake in the 8th International Oil and Gas, Energy and Infrastructure Conference and Exhibition “GIOCIE”, which is to take place in Tbilisi, Georgia, April 2-3. The event organized by ITECA Caspian will ...

Azerbaijan considers selling its natural gas to Russia from 2010, according to SOCAR President Rovhag Abdullayev. According to Abdullayev, during his visit to Moscow he conducted talks there on importing Azerbaijan`s natural gas to Russia from 2010 ...

The price of Azeri Light crude oil has reached a record $54 per barrel since last November. Experts say the oil prices in the world market are driven up by growing activity in the US stock market ...

On March 18-19, the Organization of Petroleum Exporting Countries (OPEC) is to host in Vienna a seminar-meeting on the topic “Oil: the future stability and steadiness”. The key goal of the seminar is to discuss prospects of petroleum industry against the international financial crisis ...

The State Oil Company of Azerbaijan produced 1,433,050 tons of oil (including gas condensate) in January-February this year. SOCAR`s share in the joint projects made up 255,110 tons including that in the operating ...

The State Oil Company of Azerbaijan has refined 1,251,300 tons of oil for the past two months. Oil products refined included 187,640 tons of motor gasoline, 347,120 tons of diesel, 117,940 tons of mazut, 25,930 tons of oil asphalt, 4,400 tons of petroleum coke, 3,260 tons of lubricating ...

Azerbaijan`s state oil firm, SOCAR, said it exported 4.953 million tons of oil in the first two months of 2009. According to the company, about 4.3m tons of the total volume of oil exported were transported through the Baku-Tbilisi-Ceyhan, about 386,000 ...

Azerbaijan Minister of Industry and Energy Natig Aliyev met today Italian Deputy Foreign Minister, Senator Alfredo Mantica. They discussed ways of boosting cooperation in power industry and prospects for launching joint projects ...

Some 161.1 million tons of Kazakh oil were transported via the Baku-Tbilisi-Ceyhan pipeline in January, Azerbaijan`s state Statistical Committee said. An agreement between Azerbaijan and ...

SOCAR`s Marketing & Economic Operations Department has announced a tender for export of 600,000 barrels of Rebco crude from Russian port of Novorossiysk on March 29-30. The winner of the tender will be named on ...

Exploration, development and production sharing agreement for Absheron block in Azerbaijan today was signed in Baku. The document was signed by Rovnag Abdullayev, President of the State Oil Company of Azerbaijan (SOCAR) and Yves-Louis ...

Board of the Extractive Industries Transparency Initiative has designated Azerbaijan as EITI Compliant country at its fourth Global Conference in Doha, Qatar. Azerbaijan`s delegation at the ...

Azerbaijan`s state oil firm, SOCAR, has announced a tender for export of 1 mln barrels of Azeri Light crude from the Ceyhan terminal on April 1-5. The winner of the tender will be named on March 3 ...

British company Glencore Energy UK Ltd. has won SOCAR`s tender for the export of 1 million barrels of REBCO oil from the ...

Azerbaijan has enough gas reserves to fill the Nabucco gas pipeline, first vice-president of the State Oil Company of Azerbaijan Khoshbakht YUsifzadeh said. “Azerbaijan`s gas deposits reach over 2 trillion cm including ...